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  "documentTitle": "Enfusion, Inc. (ENFN)",
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  "notes": "The table highlights that Enfusion's EV/EBITDA multiples (28.1x 2024E) are significantly higher than the peer average (14.4x), despite lower EBITDA margins.",
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      "text": "We believe Enfusion trades at an undeserved premium multiple to a broad range of financial technology peers serving the asset management space. The premium multiple is predicated on its double-digit revenue growth but its EBITDA margin is below peers.",
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      "text": "We Believe Enfusion Is Overvalued",
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